SYLD.TO vs. PBI.TO
SYLD.TO (Purpose Strategic Yield Fund) and PBI.TO (Purpose Best Ideas Fund) are both exchange-traded funds - SYLD.TO is a High Yield Bonds fund actively managed by Purpose Investments Inc., while PBI.TO is a Large Cap Blend Equities fund actively managed by Purpose Investments Inc.. Both are actively managed. Over the past 5 years, SYLD.TO returned 4.88%/yr vs 4.37%/yr for PBI.TO. At a 0.13 correlation, their price movements are largely independent. SYLD.TO charges 0.95%/yr vs 0.82%/yr for PBI.TO.
Performance
SYLD.TO vs. PBI.TO - Performance Comparison
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Returns By Period
In the year-to-date period, SYLD.TO achieves a 3.38% return, which is significantly higher than PBI.TO's 3.12% return.
SYLD.TO
- 1D
- -0.10%
- 1M
- 0.03%
- 6M
- 2.66%
- YTD
- 3.38%
- 1Y
- 9.54%
- 3Y*
- 10.24%
- 5Y*
- 4.88%
- 10Y*
- —
- ALL TIME*
- 6.24%
PBI.TO
- 1D
- -0.32%
- 1M
- 1.32%
- 6M
- 2.84%
- YTD
- 3.12%
- 1Y
- 8.74%
- 3Y*
- 18.28%
- 5Y*
- 4.37%
- 10Y*
- 10.19%
- ALL TIME*
- 8.93%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
PBI.TO Purpose Best Ideas Fund | CA$35.55K | CA$37.47K | CA$25.30K |
SYLD.TO Purpose Strategic Yield Fund | CA$51.46K | CA$69.71K | CA$109.09K |
SYLD.TO vs. PBI.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
SYLD.TO Purpose Strategic Yield Fund | 3.38% | 10.15% | 13.23% | 6.84% | -8.64% | 12.53% | 10.72% | 8.65% | -3.02% |
PBI.TO Purpose Best Ideas Fund | 3.12% | 19.19% | 23.26% | 37.57% | -39.67% | 10.70% | 23.07% | 35.93% | -9.29% |
Correlation
The correlation between SYLD.TO and PBI.TO is 0.32, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.32 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.17 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.13 |
Correlation (All Time) Calculated using the full available price history since Apr 5, 2018 | 0.13 |
The correlation between SYLD.TO and PBI.TO shifts across timeframes, from 0.13 (all time) to 0.32 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
SYLD.TO vs. PBI.TO — Risk / Return Rank
SYLD.TO
PBI.TO
SYLD.TO vs. PBI.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Purpose Strategic Yield Fund (SYLD.TO) and Purpose Best Ideas Fund (PBI.TO). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| SYLD.TO | PBI.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.32 | ||
| Sortino ratioReturn per unit of downside risk | +3.92 | ||
| Omega ratioGain probability vs. loss probability | 1.60 | 1.12 | +0.49 |
| Calmar ratioReturn relative to maximum drawdown | 6.91 | 0.54 | +6.37 |
| Martin ratioReturn relative to average drawdown | 27.25 | 1.76 | +25.48 |
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Drawdowns
SYLD.TO vs. PBI.TO - Drawdown Comparison
The maximum SYLD.TO drawdown since its inception was -32.17%, smaller than the maximum PBI.TO drawdown of -47.87%. Use the drawdown chart below to compare losses from any high point for SYLD.TO and PBI.TO.
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Drawdown Indicators
| SYLD.TO | PBI.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.17% | -47.87% | +15.70% |
Max Drawdown (1Y)Largest decline over 1 year | -1.39% | -16.18% | +14.79% |
Max Drawdown (3Y)Largest decline over 3 years | -3.40% | -20.01% | +16.61% |
Max Drawdown (5Y)Largest decline over 5 years | -9.48% | -47.87% | +38.39% |
Max Drawdown (10Y)Largest decline over 10 years | — | -47.87% | — |
Current DrawdownCurrent decline from peak | -0.25% | -4.05% | +3.80% |
Average DrawdownAverage peak-to-trough decline | -2.56% | -10.08% | +7.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.35% | 4.97% | -4.62% |
Volatility
SYLD.TO vs. PBI.TO - Volatility Comparison
The current volatility for Purpose Strategic Yield Fund (SYLD.TO) is 0.61%, while Purpose Best Ideas Fund (PBI.TO) has a volatility of 4.30%. This indicates that SYLD.TO experiences smaller price fluctuations and is considered to be less risky than PBI.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SYLD.TO | PBI.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.61% | 4.30% | -3.69% |
Volatility (6M)Calculated over the trailing 6-month period | 1.98% | 13.37% | -11.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.43% | 15.88% | -12.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.49% | 22.24% | -17.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.06% | 22.00% | -11.94% |
SYLD.TO vs. PBI.TO - Expense Ratio Comparison
SYLD.TO has a 0.95% expense ratio, which is higher than PBI.TO's 0.82% expense ratio.
Dividends
SYLD.TO vs. PBI.TO - Dividend Comparison
SYLD.TO's dividend yield for the trailing twelve months is around 5.82%, while PBI.TO has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
PBI.TO Purpose Best Ideas Fund | 0.00% | 3.02% | 0.00% | 0.00% | 2.95% | 0.00% | 0.00% | 0.00% | 0.00% |
SYLD.TO Purpose Strategic Yield Fund | 5.82% | 5.85% | 6.07% | 6.45% | 6.46% | 5.56% | 5.91% | 6.13% | 4.70% |
Frequently Asked Questions
SYLD.TO and PBI.TO have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, PBI.TO is cheaper at 0.82% per year. The better choice depends on whether you care most about return, fees, risk, or income.
PBI.TO is cheaper with a 0.82% expense ratio, compared with 0.95% for SYLD.TO.
SYLD.TO is categorized as High Yield Bonds, while PBI.TO is Large Cap Blend Equities. Their fees differ too: 0.95% for SYLD.TO and 0.82% for PBI.TO.
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